House price growth slows to 2% in December: Halifax

By: ameer@trustedteam.com

The average house price rose by just 2% in December, shows new Halifax data. This compares to 4.6% growth in November. And on a monthly basis, house prices fell by 1.5%...

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Virgin Money launches resi and BTL loans, cuts rates by up to 93bps

By: ameer@trustedteam.com

The lender debuts exclusive purchase deals, with £1,000 cashback and free valuation, which cover: An 85% loan-to-value two-year fixed-rate offer, with a £995 fee will be launched at 5.50% ...

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Precise Mortgages reduces rates, launches adverse support measures

By: ameer@trustedteam.com

The lender, part of the OSB Group, says highlights of the new residential range include: Five-year fixed-rate deals starting at 5.49% Two- and three-year fixed-rate loans starting at 5.79% The re-introduction of...

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December Construction activity dips at fastest rate since pandemic: PMI

By: ameer@trustedteam.com

The report notes a similar fall in new orders that was the strongest for over two-and-a-half years. It adds sentiment among firms towards the year ahead dipped into negative territory...

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First week of 2023 sees drop in average rates, Moneyfacts data shows

By: ameer@trustedteam.com

The three-year fix led events, seeing 10 basis points removed from its average rate, taking it to 5.81%. Behind this, the average rate for a five-year fix lost 5 basis...

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House prices slip to 2% growth in December, Halifax says

By: ameer@trustedteam.com

This compares to 4.6% growth in November. And on a monthly basis, house prices fell by 1.5% as the year came to an end. This means that the average UK property...

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Precise Mortgages cuts rates, introduces adverse support

By: ameer@trustedteam.com

Precise Mortgages has cut rates across a range of residential loans and has introduced supporting measures for borrowers with wider adverse requirements, which includes Right to Buy products. The lender,...

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Construction in December falls at fastest rate since pandemic: PMI

By: ameer@trustedteam.com

The UK construction activity fell in December, posting its fastest rate of decline since the early months of the pandemic, data from S&P Global/CIPS UK Construction Purchasing Managers’ Index...

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Weekly rate watch: All fixes drop as 2023 kicks off

By: ameer@trustedteam.com

Average rate drops occurred within every major fix this week, Moneyfacts data shows. The three-year fix led events, seeing 10 basis points removed from its average rate, taking it to...

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CBA helps Kimberley customers hit by flooding

By: ameer@trustedteam.com

Commonwealth Bank has announced it will provide emergency assistance to its customers and businesses in flood-affected areas in the Kimberley region of Western Australia. The bank says northwest Western Australia...

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